Han Xiaodong reporter
Some experts expect significant gains in food prices, in November China's consumer price index (CPI) increase may exceed 4.4% last month, reaching the peak year, but more than 5% is unlikely.
The Commerce Department said edible agricultural products (20.62, -0.28, -1.34%) price monitoring data show that since November, a major consumer prices that showed a narrowing trend, in which the average wholesale price of 18 kinds of vegetables has dropped for two consecutive weeks. NBS chief economist Yao Jingyuan said recently that "16 measures in the State Department under the guidance of government from production, circulation and other aspects of starting, has anchored inflation expectations."
Analysts believe that, as grain, meat and poultry prices continued to rise slightly, residents still significant inflation expectations, November CPI may rise to new high, but more than 5% is unlikely. Since December hikes will completely disappear, and the factors that will make CPI down 1 percentage point in November for the annual price data could increase the peak.
CICC's macro-economic weekly that the first three weeks of November food prices rise weekly chain reduced, expected CPI rose 4.8% in the month, or 0.4 percent expansion the previous month. Producer price index (PPI) rose 4.6%, 0.4 percentage point drop the previous month, or narrowing of the reasons one hikes, and second, the recent modest gains in international commodity.
Societe Generale Securities (17.40, -0.27, -1.53%), chief macroeconomic analyst Dong that November CPI expected to rise by 4.7%, inflation risk continues to highlight. November the central bank raised the deposit reserve ratio, but the future nominal interest rates increase the likelihood still exists. |
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